These are Obama's exact words from a speech given from the East Room on July 9, 2012:
By the way, these tax cuts for the wealthiest Americans are also the tax cuts that are least likely to promote growth.Least likely to promote growth? This is an bold-faced lie.
The earners of the top income tax bracket are members of the "2%", a block of professionals and small business owners who outnumber Occupy Wall Street's arch nemesis, the dreaded "1%" (which in reality should be called the "99 and 9/10%"), 100 to 1. This income group provides jobs, but, in terms of contributing to the economy, its most important characteristic is its spending. No income group spends more. Therefore, no income group is more important to the growth of our economy, which is 70% consumer spending.
You lie, Mr. Obama.